Insanity...
Penthouse in Howard Hughes’ Ward project in Honolulu priced at record $50M
Duane Shimogawa
Reporter-
Pacific Business News
A penthouse with its own swimming pool in one of The Howard Hughes Corp.’s planned luxury condominiums in Honolulu’s Kakaako neighborhood is priced at $50 million — a record for the highest asking price ever for a new condominium unit in Hawaii, according to a Honolulu Realtor.
Jaymes Song, a Realtor-associate for Prudential Advantage Realty who was among some 50 guests invited to a sneak peek of the new tower in the Ward Village project Wednesday evening, told PBN that the new “Waiea” ultra-luxury condo planned for the surface parking lot along Ala Moana Boulevard, across from Ward Stadium 16 Theatres, is the new level of luxury in Hawaii.
“It’s a cut above the rest,” he said.
The building will include about 170 market-rate one-, two- and three-bedroom units, as well as 10 townhomes.
The $50 million pricetag for the penthouse is far above asking prices for other luxury units currently under development.
Some units at the 37-story Ritz-Carlton Residences, Waikiki Beach condo-hotel are priced as high as $15 million. Meantime, penthouse suites at the 23-story, 206-unit One Ala Moana ultra-luxury condominium that’s being built atop the parking garage of Nordstrom’s Ala Moana Center store, were priced as high as $10 million.
The other Ward Village tower, being called “Anaha,” located at the northeast corner of Auahi and Kamakee streets at the former Pier 1 Imports location, is expected to be in the luxury range, commanding up to $1,400 a square foot.
It will include about 310 one-, two- and three-bedroom units, with 82 apartments and townhomes.
Sales for both towers are expected to begin in late January for the general public.